Central Bank of China

PRESS RELEASE Release Date: Sept. 8, 2001




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Important Measures in August

In line with our policy of liberalization and internationalization, and for further development of foreign exchange businesses, the Central Bank of China took the following measures in August:

1. Approved Bank of Kaohsiung and Chinatrust Commercial Bank to commence Internet banking business involving foreign currencies.

2. Approved United World Chinese Commercial Bank to commence the business of Foreign Currency Trust Funds Earmarked for Investment in Foreign Securities.

3. Approved 37 non-authorized foreign exchange banks to sell/buy foreign currency banknotes and traveler's checks.